While you were sleeping: Earnings boost sentiment

Mon, 18 Jul 2016

By Margreet Dietz July 19 (BusinessDesk) - Better-than-expected earnings such as from Bank of America as well as a US$32 billion tech deal helped bolster equities on both sides of the Atlantic. Shares of Bank of America rallied, up 3.9 percent as of 2.37pm in New York, after the bank reported better-than-expected quarterly results. "Bank of America's 2Q results, while noisy, reflected a number of items that surprised positively," Nomura analyst Steven Chubak told Reuters. As low interest rates weigh on earnings, the focus is on keep...

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